METROCITY BANKSHARES INC (MCBS) Technical Analysis
NASDAQ:MCBS • US59165J1051
Taking everything into account, MCBS scores 2 out of 10 in our technical rating. MCBS performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, MCBS is a bad performer in the overall market: 63% of all stocks are doing better.
- MCBS is one of the lesser performing stocks in the Banks industry. 70% of 381 stocks in the same industry do better.
- In the last month MCBS has a been trading in the 27.44 - 30.09 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- MCBS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MCBS is lagging the market.
- Volume is considerably higher in the last couple of days.
MCBS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 28.11, a Stop Loss order could be placed below this zone.
More info and screens
25.08
We found 4 important support areas.
- A support zone ranging from 27.86 to 28.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.00 from a trend line in the weekly time frame.
- A support zone ranging from 26.04 to 26.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 25.33 to 25.33. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 28.37 to 28.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 29.55 to 30.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MCBS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MCBS is down. |
| ChartMill Relative Strength | 37.53 | NEUTRAL | MCBS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MCBS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MCBS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MCBS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46 | NEUTRAL | The RSI value for MCBS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests MCBS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.66 | NEUTRAL | The Stochastics value for MCBS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for MCBS suggests some volalility. |
| Average Directional Index/ADX (14) | 12.37 | NEGATIVE | The low ADX value for MCBS suggests a weak or negative trend. |
MCBS Technicals: Chart, Performance Metrics, Trend & Indicators
28.17
-0.11 (-0.39%)
METROCITY BANKSHARES INC / MCBS FAQ
What is the ChartMill technical rating of METROCITY BANKSHARES INC (MCBS) stock?
ChartMill assigns a technical rating of 2 / 10 to MCBS.
What is the current trend direction of METROCITY BANKSHARES INC (MCBS) stock?
The current trend direction for METROCITY BANKSHARES INC (MCBS) is Bearish.
What is the RSI signal for MCBS stock?
METROCITY BANKSHARES INC (MCBS) has an RSI value of 45.9959. This indicates that the stock is currently neutral.
Can you provide the short term momentum for METROCITY BANKSHARES INC?
The short term momentum for METROCITY BANKSHARES INC (MCBS) is negative.
Can you provide the support and resistance levels for METROCITY BANKSHARES INC?
METROCITY BANKSHARES INC (MCBS) has a support level at 28.11 and a resistance level at 28.37. Check the full technical report for our detailed analysis of MCBS support and resistance levels.